TDS applicability on transfer of tenancy rights

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....DS applicability on transfer of tenancy rights<br> Query (Issue) Started By: - Aliasgar Tambawala Dated:- 28-5-2015 Income Tax<br>Income Tax<br>As per S/194 IA TDS @ 1% is to be deducted in respect of....

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.... payment on transfer of certain immovable property other than Agricultural Land. Does immoveable property include &quot;Transfer of tenancy right&quot; i.e. If the Incoming Tenant enters into transfer....

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.... of tenancy and pays compensation to the Outgoing Tenant exceeding &#8377; 50 lakh - Will TDS be applicalble as per S/194 IA of the Income tax Act, 1961?<br> Discussion Forum - Knowledge Sharing ....